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|Report ofthe Trustees||1|Io|4|
|Independent
Examiner's|Report||||
|Statement of Financial|Actlvitles||||
|Balance Sheet|||||
|Notes to the Financial Statements||8|Io|15|
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||||31.3.22|31.3.21|
|---|---|---|---|---|
||||Unrestricted|Total|
|||Notes|fund
E|fundsf|
|INCOME AND ENDOWMENTS|FROM||||
|Charitable
activities|||||
|Globe and Laurel magazines|||124,282|132,239|
|Other trading
activities|||13,645|11,028|
|Investment
income|||4,332|7,062|
|Total|||142,259|150,329|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Globe and Laurel magazines|||190,878|111,597|
|Net gains on investments|||9,647|33,189|
|NET INCOME/(EXPENDITURE)|||(38,972)|71,921|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought forward|||404,095|332,174|
|TOTAL FUNDS CARRIED FORWARD|||365,123|404,095|
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||BALANCE SHEET
31 MARCH 2022|||
|---|---|---|---|
|||31.3.22|31,3.21|
|||Total|Total|
|||funds|funds|
||Notes|6|6|
|FIXEDASSETS||||
|Tangible assets|12|7,963|328|
|Investments|13|260,642|250,995|
|||268,605|251,323|
|CURRENT ASSETS||||
|Debtors|14|18,946|4,828|
|Cash at bank||108,622|177,584|
|||127,568|182,412|
|CREDITORS||||
|Amounts
falling due within one year|15|(31,050)|(29,640)|
|NET CURRENT ASSETS||96,518|152,772|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||365,123|404,095|
|NET ASSETS||365,123|404,095|
|FUNDS|16|||
|Unrestricted
funds||365,123|404,095|
|TOTAL FUNDS||365,123|404,095|
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|OTHER TRADING ACTIVITIES|OTHER TRADING ACTIVITIES|||
|---|---|---|---|
|||31.3.22|31.3.21|
||||f|
|Adveriising
in magazine||13,645|11,028|
|INVESTMENT INCOME||||
|||31.3.22
f|31,3.21|
|Listed investment|income|4,332|7,062|
|INCOME FROM CHARITABLE ACTMTIES||||
|||31,3.22|31.3,21|
||Activity|6||
|Magazine sales|Globe and Laurel magazines|120,081|126,989|
|App income|Globe and Laurel magazines|4,201|5,250|
|||124,282|132,239|
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|||||||Grant|||
|---|---|---|---|---|---|---|---|---|
|||||||funding of|||
||||||Direct|activities|Support||
||||||Costs (see|(see note|costs (see||
||||||note 6)
f|7)f|note 8)
8|Totals|
|Globe and Laurel||magazines|||58,068|109,000|23,810|190,878|
|DIRECT COSTS||OF CHARITABLE ACTIVITIES|||||||
||||||||31.3.22|31.3.21|
|||||||||6|
|Magazine
printing||and postage|||||57,478|52,809|
|Presentation|magazines||||||590|630|
||||||||58,068|53,439|
|GRANTS PAYABLE|||||||||
||||||||31.3.22
f|31.3.21
8|
|Globe and Laurel||magazines|||||109,000|27.000|
|The total grants paid to|||institutions||during the year was as|follows:|||
||||||||31.3.22|31.3.21|
||||||||8|F|
|RMA - The Royal||Marines Charity|||||109,000|27,000|
|SUPPORT COSTS|||||||||
||||||||Governance||
|||||||Management|costs|Totals|
||||||||6|L|
|Globe and Laurel||magazines||||21,885|1,925|23,810|
|Support costs, included|||in the|above, are as follows:|||||
|Management|||||||31.3.22|31,3.21|
||||||||Globe and||
||||||||Laurel|Total|
||||||||magazines|activities|
||||||||8|6|
|Wages|||||||15,483|20,772|
|Pensions|||||||1,653|1,454|
|Insurance|||||||372|310|
|Card processing||fees|||||450|199|
|Stationery and miscellaneous||||expenses|||216|388|
|Computer expenses|||||||3,262|4,225|
|Depreciation|oftangible||assets||||449|385|
||||||||21,885|27,733|
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|||||31.3.22|31.3,21|
|---|---|---|---|---|---|
|||||Globe and||
|||||Laurel|Total|
|||||magazines
8|activities
f|
|Auditors'|remuneration||||3,500|
|Independent||examiners|fee|1,925|f75)|
|||||1,925|3,425|
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|STAFF COSTS|||||||
|---|---|---|---|---|---|---|
||||||31.3.22|31.3.21|
||||||f|E|
|Wages and salaries|||||15,483|20,772|
|Other pension costs|||||1,653|1,454|
||||||17,136|22,226|
|The average
monthly|number of|employees||during the year was as follows:|||
||||||31.3.22|31.3.21|
|Support staff|||||2|2|
|No employees
received emoluments|||in excess of660,000.||||
|COMPARATIVES FOR THE STATEMENT||||OF FINANCIAL ACTIVITIES|||
|||||||Unrestricted|
|||||||fund|
|||||||6|
|INCOME AND ENDOWMENTS||FROM|||||
|Chadtable
activities|||||||
|Globe and Laurel magazines||||||132,239|
|Other trading
activities||||||11,028|
|Investment
income||||||7,062|
|Total||||||150,329|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Globe and Laurel magazines||||||111,597|
|Net gains on investments||||||33,189|
|||||Page11||continued ..|
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||||Unrestricted|
|---|---|---|---|
||||fund|
||||E|
||NET INCOME||71,921|
||RECONCILIATION|OF FUNDS||
||Total funds brought forward||332,174|
||TOTAL FUNDS CARRIED FORWARD||404,095|
|12.|TANGIBLE FIXEDASSETS|||
||||Computer|
||||equipment|
||||E|
||COST|||
||At 1 April 2021||12,187|
||Additions||8,084|
||At 31 March 2022||20,271|
||DEPRECIATION|||
||At 1 April 2021||11,859|
||Charge for year||449|
||At 31 March 2022||12,308|
||NET BOOK VALUE|||
||At 31 March 2022||7,963|
||At 31 March 2021||328|
|13.|FIXEDASSET INVESTMENTS|||
||||Listed|
||||investments|
||||E|
||MARKET VALUE|||
||At 1 April 2021||250,995|
||Revaluations||9,647|
||At 31 March 2022||260,642|
||NET BOOK VALUE|||
||At 31 March 2022||260,642|
||At 31 March 2021||250,995|
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|||31.3.22|31.3.21
f|
|---|---|---|---|
|Trade debtors||4,315|696|
|Other debtors||12,427|3,649|
|VAT||2,204|483|
|||18,946|4,828|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||31.3.22
f|31.3.21
f|
|Trade creditom||1,980|266|
|Social security and other|taxes|394|18|
|Accrued expenses||1,924|3,498|
|Deferred income (see below)||26,752|25,858|
|||31,050|29,640|
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|Deferred
income
will be published|comprises
magazine
subscription
in future financial periods.|s
and advertising
inco|me received
for|issues
whi|
|---|---|---|---|---|
||||2021|2021|
||||f||
|Balance brought|forward||25,858|29,662|
|Amount release|to incoming resources||(25,858)|(29,662)|
|Amount deferred|in the year||26,752|25,858|
|Balance cerned|forward||26,752|25,858|
|MOVEMENT
IN|FUNDS||||
||||Net||
||||movement|At|
|||At 1.4.21
f|in funds
f|31.3.22
f|
|Unresb1cted funds|||||
|General fund||404,095|(38,972)|365,123|
|TOTAL FUNDS||404,095|(38,972)|365,123|
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|Nst movement|in funds, ind|ude|d
In the above|are as follow|s:|||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended
f|losses
6|in funds
6|
|Unrestricted|funds|||||||
|General fund||||142,259|(190,878)|9,647|(38,972)|
|TOTAL FUNDS||||142,259|(190,878)|9,647|(38,972)|
|Comparatlves|for movement||In funds|||||
|||||||Net||
|||||||movement|At|
||||||At 1.4.20|in funds|31,3.21|
||||||6|6|6|
|Unrestricted|funds|||||||
|General fund|||||332,174|71,921|404,095|
|TOTAL FUNDS|||||332,174|71,921|404,095|
|Comparative|net movement|in|funds, included|in the above|are as follows;|||
|||||Incoming|Resources|Gains and|Movement|
|||||resources
6|expended
f|losses
F|in funds
F|
|Unrestricted|funds|||||||
|General fund||||150,329|(111,597)|33,189|71,921|
|TOTAL FUNDS||||150,329|(111,597)|33,189|71,921|
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